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Friday, Aug 19, 2022
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Capstone Jumps 27 Percent on Upgrade Order

Shares of Capstone Turbine Corp. jumped 27 percent Wednesday after the Van Nuys company announced it secured an order to upgrade multiple microturbines for Florida-based Benz Research & Development. Benz, which researches optical polymers for contact lenses, ordered the upgrade to lower its carbon footprint. “Capstone believes that the key to our long-term success is helping businesses like Benz Research & Development meet their individual needs while being socially responsible,” said Darren Jamison, chief executive of Capstone, in a statement. Capstone rose 16 cents, or 27 percent, to close Wednesday at 76 cents on the Nasdaq.

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